The AGM is the principal forum for dialogue and interaction with the shareholders of the Company. The Board encourages shareholders’ active participation at the Company’s AGM and endeavours to ensure all Board Members, Senior Management and the Group’s External Auditors are in attendance to respond to shareholders’ enquiries. At the AGM, the Board presents the performance of the Group as contained in the Annual Report and shareholders present are given the opportunity to present their views or to seek more information. Resolutions tabled and passed at the Meeting are released to the Bursa Malaysia on the same day.

It is indeed our pleasure to report that in spite of the global financial crisis and credit crunch, we have been able to maintain our policy of rewarding our shareholders with steady dividend payments whenever our cash-flow situation allowed us to do so. Even during the lean year in 2009, we still managed to pay out total dividends of RM 9.8 million comprising of :

An interim dividend of 4% less tax per share for the financial year ended 31 December 2009 totalling RM3.9 million paid on 8 June 2009;

A second interim dividend of 5% less tax per share and a special dividend of 1% less tax per share for the financial year ended 31 December 2009 totalling RM 5.9 million paid on 8 October 2009.

A final dividend of 4% less tax per share for the financial year ended 31 December 2009 totalling RM 4.0 million will be proposed for shareholders' approval in the upcoming Annual General Meeting. This will bring the total dividends for the year ended 31 December 2009 to RM 13.8 million.

Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way Globetronics is directed, administered or controlled. Corporate governance also includes the relationships among the many stakeholders involved and the goals for which the Globetronics is governed.